Understanding Scatter Plots in Finance

Mia is analyzing the relationship between the number of hours studied and the scores obtained in a test. What type of plot should she use?

• To display the distribution of a single variable

• To show the relationship between two variables

• To compare parts of a whole

• To track changes over time

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Elijah is analyzing the relationship between the number of hours students study and their test scores. In a scatter plot of his data, what do the points represent?

• Categories of data

• Individual data points

• The mean of the data

• The median of the data

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James is tracking his study hours and his grades. Which of the following best describes a positive correlation in his scatter plot?

• As one variable increases, the other variable decreases

• As one variable increases, the other variable also increases

• There is no discernible pattern

• The variables are unrelated

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Anika is analyzing the relationship between the number of hours studied and test scores. What is the line called that is often added to a scatter plot to show the trend of the data?

• Histogram

• Bar line

• Line of best fit

• Axis line

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James is analyzing the relationship between the number of hours spent studying and the scores obtained in exams. If a scatter plot shows a cluster of points that form a downward slope from left to right, what type of correlation does it indicate?

• Positive correlation

• Negative correlation

• No correlation

• Perfect correlation

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Charlotte and Aria are analyzing the relationship between study hours and test scores. Which of the following is NOT a characteristic of a scatter plot they might use?

• It can show the strength of a relationship between variables

• It can show the direction of a relationship between variables

• It can show the frequency of data points

• It can show the spread of data points

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Ava and Olivia are analyzing the relationship between the number of hours studied and test scores. In their scatter plot, what does it mean if the points are widely scattered?

• There is a strong correlation

• There is a weak correlation

• There is no correlation

• The correlation is perfect

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David is analyzing the relationship between the number of hours studied and the scores obtained in a test. Which of the following equations could represent a line of best fit in his scatter plot?

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Emma and Aiden are analyzing the relationship between the number of hours studied and test scores. What is the primary purpose of using a scatter plot in their analysis?

• To calculate the mean of a dataset

• To identify patterns or relationships between two variables

• To display categorical data

• To summarize data with a single number

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Luna is analyzing the stock market and wants to understand how interest rates affect stock prices. How can a scatter plot be useful in her financial analysis?

• To track the historical prices of a single stock

• To compare the relationship between two financial variables, such as interest rates and stock prices

• To display the distribution of income levels

• To summarize financial data with a single number

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